Wall Street Bulls: The Federal Reserve is behind the curve, more aggressive rate cuts are justified

Renowned Wall Street optimist forecaster Tom Lee said that the Federal Reserve may be lagging behind the economic situation and needs to be more aggressive in cutting interest rates. Based on federal funds futures, it is expected that the September meeting will cut interest rates by 25 basis points, possibly to the range of 5%-5.25%. Lee mentioned that the lower-than-expected employment report indicates the disappearance of many job positions, providing a basis for the Fed to start an interest rate cut cycle, which will help the economy and the market. Despite increased stock market volatility, Lee believes that the United States may not necessarily enter a recession and that the market is showing resilience